Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Almost forgot we could have them… time for a beer!
One thought for the weekend though, not sure why you would set a target of the Big One assays being available this week in a previous RNS unless you’re pretty sure you can hit it. Very odd
Problem with the Arya project is it will be 2023 by the time we get the initially assays going off the big one. Think they need to look at using different labs.
The delay is not with the drilling programme, it’s a backup at the lab for assays.
To be honest whilst it’s good to know when the programme will be starting the RNS doesn’t mean a lot in terms of value. I think the Aussies were just a bit behind us on market cap.
Well we keep getting told there are plenty imminent so they’re going to have to start coming thick and fast at some point
The assay results are pretty average, they have 9% results for 1m which people have clung onto, if you remove that as an anomaly they're actually not that great. The value here though is the overall size of the deposit which appears to be increasing against initial estimate. It's not as if The Big One is our only asset, there's plenty going on here with a fully funded drill programme but you can't expect the share price to fly on the back of every RNS regardless of whether it's actually any good.
All I would say is the stock market is a weird place and the best way to lose money is to chase it. Don’t buy and sell on the back of one piece of news, find a company you believe in and leave it there.
The number of times I've missed out on massive profits by trying to be clever and buy right at the bottom or sell because of a small dip and then it rockets... not this time! I'm in quite high at 2.849p, still sat very comfortably and leaving it well alone!
There’s no factual info in it though, it’s all about visual assessment. Hold until the assay results start dropping through and we’ll be off.
I tend to agree but it only did 40% yesterday. It’s a lot but not necessarily on AIM. I’ve been in shares that have been 100-200% up on anticipated news, it’s a long way back down from there if the market doesn’t like it.
For anyone lacking confidence have a look at what De Grey Mining did on the back of a trading halt on the ASX in Feb 2020.
Whichever way you read it, the good news is after yesterdays jump the price appears to be holding.
It would definitely be odd, just don’t was to come on here to panic stations tomorrow morning because trading has reopened and there’s no announcement. When it comes it’s obviously worthy of a trading halt, it just may or may not be by tomorrow.
I seem to be reading this differently to everyone else. The trading halt will remain in place until the earlier of the announcement or trading restarts. Trading will restart on the 15th whether or not the announcement has been made at that time. That’s how I’m reading this…
The Company anticipates that the trading halt will remain in place until the earlier of such time as it makes the Announcement and the commencement of trading on 15 July 2021.
It’s from a January RNS
These two lines in the RNS;
research on and evaluation of an additional asset to add to the Company portfolio
"Whilst we are well funded for all existing work streams these additional funds will enable us to plan for follow on studies and more product focussed experiments as we move towards collaborations."
They require a placing for product focussed experiments as we move towards a collaboration. Surely they know what these experiments are or how do you know how much cash you need to raise? Has a 3rd party asked for specific tests relating to their product?
At times I'm amazed many people on these boards make any money. Everyone seems so involved in the day to day movement, even the intra-day movement.
If you like the look of the company, back yourself and close the google ticker window for a few months.
Quick heads up to anyone new to investing or those without experience of large dividends.
You get hit with tax on dividends at a much lower level than capital gains. The share price is 57.5p but if you've got a decent holding a 42.5p dividend and resulting share price of 15p is certainly not the same thing.
Say you buy £10,000 worth now and you're a higher rate tax payer. You'll purchase 17,391 shares (approx.) x dividend payment of 42.5p = £7,391.
You get a £2,000 dividend allowance, however, you'll have to pay 32.5% tax on the remaining £5,391. The result is a dividend worth £5,638.
This means you need £4,362 from the share price after the dividend just to recover your £10,000 investment. £4,362/17,391 shares = 25p to breakeven.
In my opinion there is money to be made here but for those less experienced just be a little careful.
I don't mean any offence to anyone here but Braveheart are an investment company. They're basically a bigger version of us sat on this board as individuals. Most people here are trying to make a few grand yet they seem to be telling the CEO of a company that just returned £18m what he should be doing...